There are a few options to grow your coin. Although there is (usually) an absense of 'no-risk' investments, some investments are less-risky than others.
In no particular order, here are a few ways you can invest your coin for profits:
- The most obvious, trading. Whether you use bots or trade yourself, this is by far the most common way to increase profits. Usually very risky, even more so with cryptocurrency, but the potential gains are extremely high. You should always so your research behind possible investments, and pay absolutley no attention to trollboxes, or you will fill your head full of extremely conflicting opinions and FUD.
- Leverage trading. If you have a 'knack' for guessing the next price of Bitcoin, leverage trading on sites such as btc.sx , bitfinex.com & bit4ex.com , can be very rewarding, for very little work. Start small, and never invest more than you can lose.
- Loaning. This is by-far the most risky. Time has shown us, that even some of your most valued customers that have never defaulted on a loan before, will have no problem defaulting on you in the future. This is not to say that every single person you loan to will run off and never be seen again, as there are of course people with a personal consciousness and morals, there will however be some that just do not care.
- Stocks. Surprising there are not more stock sites that use cryptocoins, but this is nevertheless an option.
- Gambling. Probably the most unhealthy of investments as they are designed to take advantage of human weakness and to gain profits. Although some have hit the 'jackpot' by pure luck. (
See article here)
There are of course others as well. But TBH, I just got really lazy.
Mistercoin
Can you explain a little bit more on how to leverage trade? I would really appreciate it, because it looks like an investing tool which you can control (unlike cloud mining, ponzis, etc.) and it's got me really interested in it. I would look up how to myself, but I'm super tired and would like a "newbie" explanation if that's at all possible. Thanks
Edit: Also I'm interested in yobit.net and was going to try and start buying and selling altcoins when I get free time off work. Any guides on how about to do that successfully would be greatly appreciated as well.